Saturday, February 2, 2008

Homeowners?

Well, I finally got around to speaking to the leasing office in our complex about our lease and whether or not our condo is selling. Turns out they are NOT selling our condo, as we had originally thought, so the pressure on us to find a new place to live is off. Whew. (Imagine that, a sale not going through in this market!) However, now that we have been thinking about it for the past few months, we might still want to buy. Our lease is up as of June 30, so we don't have as much time as we thought (we thought it was up Sept. 30...due to the transfer of leases, apparently it is not).

I think we want to stay in the county we are currently in. But we have to come up with a down payment of at least 5% on any house we might buy. We can probably afford about $150k, so that means we need to come up with...gulp...$7500. For a couple who are never very far ahead on the financial end of things, this sounds like a fortune. However, tax season is nigh, and I am hoping to get a nice chunk of change as a refund. We are going to pool our refunds, save as much as we can between now and then, and then beg our parents for early wedding presents. Maybe that will be enough.

In the meantime, I get to start going to open houses, and searching the web for a place!!! I can't wait to have something else to do in my "spare" time at work! LOL!

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